NPORT-EX 2 NPORT_0BXF_96822174_0122.htm

 

Schedule of Investments (unaudited) iShares®  J.P. Morgan EM Local Currency Bond ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security     Par
(000)		   Value 
            
Foreign Government Obligations             
              
Brazil — 4.6%             
Brazil Letras do Tesouro Nacional             
0.00%, 07/01/23(a)  BRL   29,000   $4,642,965 
0.00%, 01/01/24(a)  BRL   41,697    6,345,187 
0.00%, 07/01/24(a)  BRL   13,000    1,883,129 
Brazil Notas do Tesouro Nacional             
Series F, 10.00%, 01/01/23  BRL   16,557    3,061,035 
Series F, 10.00%, 01/01/25  BRL   14,399    2,632,490 
Series F, 10.00%, 01/01/29  BRL   8,263    1,458,122 
Series F, 10.00%, 01/01/31  BRL   5,000    874,693 
Brazil Notas do Tesouro Nacional Serie F, Series F 10.00%, 01/01/27  BRL   17,193    3,100,279 
Brazilian Government International Bond             
8.50%, 01/05/24  BRL   500    91,512 
10.25%, 01/10/28  BRL   1,420    257,387 
            24,346,799 
Chile — 4.5%             
Bonos de la Tesoreria de la Republica en pesos             
2.30%, 10/01/28(b)(c)  CLP   520,000    528,902 
2.50%, 03/01/25  CLP   4,655,000    5,286,106 
4.00%, 03/01/23(b)(c)  CLP   1,400,000    1,708,398 
4.50%, 03/01/26  CLP   3,115,000    3,730,596 
4.70%, 09/01/30(b)(c)  CLP   3,165,000    3,704,046 
5.00%, 10/01/28(b)(c)  CLP   1,290,000    1,548,000 
5.00%, 03/01/35  CLP   3,415,000    3,976,699 
6.00%, 01/01/43  CLP   2,775,000    3,553,227 
            24,035,974 
China — 12.0%             
China Government Bond             
1.99%, 04/09/25  CNY   18,050    2,799,253 
2.36%, 07/02/23  CNY   16,270    2,562,564 
2.47%, 09/02/24  CNY   5,020    792,803 
2.68%, 05/21/30  CNY   29,450    4,576,459 
2.69%, 08/12/26  CNY   7,600    1,207,684 
2.84%, 04/08/24  CNY   9,550    1,519,874 
2.85%, 06/04/27  CNY   18,230    2,910,429 
2.88%, 11/05/23  CNY   17,590    2,794,440 
2.89%, 11/18/31  CNY   4,010    639,131 
2.94%, 10/17/24  CNY   16,630    2,654,299 
3.01%, 05/13/28  CNY   10,040    1,610,464 
3.02%, 10/22/25  CNY   23,150    3,714,640 
3.02%, 05/27/31  CNY   15,180    2,433,397 
3.03%, 03/11/26  CNY   8,790    1,412,434 
3.12%, 12/05/26  CNY   20,380    3,293,736 
3.13%, 11/21/29  CNY   22,580    3,633,327 
3.19%, 04/11/24  CNY   15,490    2,481,525 
3.22%, 12/06/25  CNY   11,340    1,831,997 
3.25%, 06/06/26  CNY   15,360    2,493,256 
3.25%, 11/22/28  CNY   18,540    3,017,766 
3.27%, 11/19/30  CNY   22,610    3,693,831 
3.28%, 12/03/27  CNY   16,620    2,712,852 
3.29%, 10/18/23  CNY   12,620    2,019,711 
3.29%, 05/23/29  CNY   15,310    2,499,584 
3.72%, 04/12/51  CNY   7,470    1,252,209 
3.81%, 09/14/50  CNY   20,930    3,545,730 
            64,103,395 
Colombia — 4.3%             
Colombia Government International Bond, 9.85%, 06/28/27  COP   745,000    202,294 
Security     Par
(000)		   Value 
              
Colombia (continued)             
Colombian TES             
Series B, 5.75%, 11/03/27  COP   8,235,000   $1,824,544 
Series B, 6.00%, 04/28/28  COP   11,810,200    2,612,237 
Series B, 6.25%, 11/26/25  COP   8,324,800    1,983,194 
Series B, 6.25%, 07/09/36  COP   5,060,000    976,846 
Series B, 7.00%, 06/30/32  COP   11,377,100    2,481,542 
Series B, 7.25%, 10/18/34  COP   11,820,600    2,557,078 
Series B, 7.25%, 10/26/50  COP   6,251,100    1,232,581 
Series B, 7.50%, 08/26/26  COP   12,011,800    2,941,986 
Series B, 7.75%, 09/18/30  COP   8,357,600    1,974,030 
Series B, 10.00%, 07/24/24  COP   9,467,500    2,532,454 
Titulos De Tesoreria Bonds, Series B 7.00%, 03/26/31  COP   6,442,800    1,434,564 
            22,753,350 
Czech Republic — 4.4%             
Czech Republic Government Bond             
0.05%, 11/29/29  CZK   19,010    678,229 
0.25%, 02/10/27  CZK   43,280    1,704,056 
0.45%, 10/25/23(c)  CZK   37,560    1,627,214 
0.95%, 05/15/30(c)  CZK   44,610    1,703,862 
1.00%, 06/26/26(c)  CZK   47,400    1,961,206 
1.20%, 03/13/31  CZK   41,010    1,575,904 
1.25%, 02/14/25  CZK   23,670    1,015,938 
1.50%, 04/24/40  CZK   13,730    470,467 
1.75%, 06/23/32  CZK   21,830    874,718 
2.00%, 10/13/33  CZK   49,240    1,988,892 
2.40%, 09/17/25(c)  CZK   51,780    2,292,060 
2.50%, 08/25/28(c)  CZK   46,550    2,031,496 
2.75%, 07/23/29  CZK   41,940    1,854,592 
4.20%, 12/04/36(c)  CZK   20,390    1,036,793 
4.70%, 09/12/22(c)  CZK   26,620    1,231,548 
5.70%, 05/25/24(c)  CZK   27,220    1,304,259 
            23,351,234 
Dominican Republic — 4.2%             
Dominican Republic International Bond             
8.90%, 02/15/23(c)  DOP   474,350    8,403,418 
9.75%, 06/05/26(c)  DOP   763,650    13,770,195 
            22,173,613 
Egypt — 2.1%             
Egypt Government Bond             
14.06%, 01/12/26  EGP   27,159    1,681,485 
14.37%, 10/20/25  EGP   43,591    2,762,855 
14.48%, 04/06/26  EGP   25,170    1,604,167 
14.53%, 09/14/24  EGP   19,241    1,218,909 
14.56%, 07/06/26  EGP   8,522    542,512 
14.56%, 10/13/27  EGP   23,405    1,451,787 
14.66%, 10/06/30  EGP   18,421    1,150,318 
16.10%, 05/07/29  EGP   14,812    993,752 
            11,405,785 
Hungary — 4.4%             
Hungary Government Bond             
1.00%, 11/26/25  HUF   651,500    1,804,566 
1.50%, 08/23/23  HUF   293,560    895,996 
1.50%, 04/22/26  HUF   631,240    1,752,219 
1.50%, 08/26/26  HUF   392,850    1,079,115 
1.75%, 10/26/22  HUF   260,890    811,097 
2.00%, 05/23/29  HUF   398,420    1,038,964 
2.25%, 04/20/33  HUF   552,020    1,343,279 
2.50%, 10/24/24  HUF   455,360    1,373,489 

 

1 

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security     Par
(000)		   Value 
            
Hungary (continued)             
2.75%, 12/22/26  HUF   460,210   $1,329,506 
3.00%, 06/26/24  HUF   388,310    1,191,804 
3.00%, 10/27/27  HUF   552,850    1,591,719 
3.00%, 08/21/30  HUF   518,860    1,419,872 
3.00%, 10/27/38  HUF   351,800    853,520 
3.00%, 04/25/41  HUF   294,770    686,958 
3.25%, 10/22/31  HUF   716,380    1,965,190 
5.50%, 06/24/25  HUF   491,850    1,598,143 
6.00%, 11/24/23  HUF   473,890    1,545,327 
6.75%, 10/22/28  HUF   293,660    1,024,604 
            23,305,368 
Indonesia — 4.3%             
Indonesia Treasury Bond             
5.13%, 04/15/27  IDR   5,114,000    352,561 
5.50%, 04/15/26  IDR   16,486,000    1,154,318 
5.63%, 05/15/23  IDR   6,893,000    491,408 
6.13%, 05/15/28  IDR   9,215,000    641,052 
6.25%, 06/15/36  IDR   5,099,000    347,450 
6.38%, 04/15/32  IDR   3,578,000    246,544 
6.50%, 06/15/25  IDR   13,233,000    962,894 
6.50%, 02/15/31  IDR   21,130,000    1,464,790 
6.63%, 05/15/33  IDR   6,152,000    423,479 
7.00%, 05/15/27  IDR   15,733,000    1,158,479 
7.00%, 09/15/30  IDR   19,372,000    1,381,309 
7.13%, 06/15/42  IDR   5,332,000    377,229 
7.50%, 08/15/32  IDR   8,278,000    603,784 
7.50%, 06/15/35  IDR   8,675,000    632,316 
7.50%, 05/15/38  IDR   12,212,000    883,082 
7.50%, 04/15/40  IDR   10,561,000    767,365 
8.13%, 05/15/24  IDR   10,195,000    764,873 
8.25%, 05/15/29  IDR   8,969,000    688,484 
8.25%, 06/15/32  IDR   5,783,000    444,320 
8.25%, 05/15/36  IDR   10,734,000    823,970 
8.38%, 03/15/24  IDR   18,660,000    1,399,954 
8.38%, 09/15/26  IDR   10,796,000    839,239 
8.38%, 03/15/34  IDR   12,247,000    949,479 
8.38%, 04/15/39  IDR   10,957,000    855,182 
8.75%, 05/15/31  IDR   5,305,000    420,136 
9.00%, 03/15/29  IDR   11,916,000    949,916 
9.50%, 07/15/31  IDR   5,720,000    472,292 
10.50%, 08/15/30  IDR   3,789,000    328,659 
11.00%, 09/15/25  IDR   2,856,000    236,511 
Perusahaan Penerbit SBSN Indonesia             
6.63%, 10/15/24  IDR   11,181,000    817,284 
8.25%, 09/15/23  IDR   8,832,000    651,702 
8.88%, 11/15/31  IDR   8,608,000    699,024 
            23,229,085 
Malaysia — 4.4%             
Malaysia Government Bond             
2.63%, 04/15/31  MYR   3,090    676,186 
3.48%, 03/15/23  MYR   3,901    945,588 
3.48%, 06/14/24  MYR   4,078    988,395 
3.50%, 05/31/27  MYR   3,561    853,935 
3.73%, 06/15/28  MYR   4,532    1,094,739 
3.76%, 04/20/23  MYR   1,950    474,723 
3.76%, 05/22/40  MYR   4,270    954,369 
3.80%, 08/17/23  MYR   1,841    449,375 
3.83%, 07/05/34  MYR   4,509    1,052,654 
3.89%, 08/15/29  MYR   3,848    932,663 
Security     Par
(000)		   Value 
            
Malaysia (continued)             
3.90%, 11/30/26  MYR   2,291   $562,282 
3.90%, 11/16/27  MYR   3,235    791,554 
3.91%, 07/15/26  MYR   2,769    678,579 
3.96%, 09/15/25  MYR   5,632    1,385,632 
4.06%, 09/30/24  MYR   1,945    478,640 
4.07%, 06/15/50  MYR   3,527    799,378 
4.18%, 07/15/24  MYR   2,543    626,226 
4.25%, 05/31/35  MYR   2,056    500,060 
4.76%, 04/07/37  MYR   2,616    670,158 
Malaysia Government Investment Issue             
3.15%, 05/15/23  MYR   2,423    585,648 
3.42%, 09/30/27  MYR   2,814    670,044 
3.45%, 07/15/36  MYR   2,694    591,576 
3.47%, 10/15/30  MYR   4,653    1,090,428 
3.66%, 10/15/24  MYR   2,709    659,823 
3.73%, 03/31/26  MYR   3,969    964,082 
4.09%, 11/30/23  MYR   2,600    640,604 
4.13%, 08/15/25  MYR   2,835    699,328 
4.13%, 07/09/29  MYR   2,100    518,229 
4.26%, 07/26/27  MYR   2,796    694,122 
4.37%, 10/31/28  MYR   3,374    844,796 
Malaysia Investment Issue Bond, 4.42%, 09/30/41  MYR   2,188    528,554 
            23,402,370 
Mexico — 4.4%             
Mexican Bonos             
5.50%, 03/04/27  MXN          
Series M, 5.75%, 03/05/26  MXN   67,162    3,056,426 
Series M, 6.75%, 03/09/23  MXN   25,400    1,224,440 
Series M, 7.75%, 05/29/31  MXN   42,336    2,063,283 
Series M, 7.75%, 11/23/34  MXN   16,000    776,614 
Series M, 7.75%, 11/13/42  MXN   27,402    1,296,844 
Series M, 8.00%, 12/07/23  MXN   35,515    1,734,282 
Series M, 8.00%, 09/05/24  MXN   48,804    2,394,760 
Series M, 8.00%, 11/07/47  MXN   33,855    1,641,714 
Series M 20, 7.50%, 06/03/27  MXN   46,070    2,231,273 
Series M 20, 8.50%, 05/31/29  MXN   40,539    2,067,214 
Series M 20, 10.00%, 12/05/24  MXN   41,083    2,119,186 
Series M 30, 8.50%, 11/18/38  MXN   35,106    1,793,843 
Series M 30, 10.00%, 11/20/36  MXN   10,223    592,997 
            23,346,098 
Peru — 4.4%             
Peru Government Bond             
5.35%, 08/12/40  PEN   6,851    1,499,011 
5.40%, 08/12/34  PEN   8,336    1,955,621 
5.70%, 08/12/24  PEN   5,377    1,436,374 
5.94%, 02/12/29  PEN   12,743    3,344,439 
6.15%, 08/12/32  PEN   12,210    3,136,084 
6.35%, 08/12/28  PEN   12,268    3,304,030 
6.90%, 08/12/37  PEN   11,156    2,916,338 
6.95%, 08/12/31  PEN   11,687    3,204,755 
8.20%, 08/12/26  PEN   8,834    2,588,310 
           23,384,962 
              
Philippines — 4.4%             
Philippine Government International Bond             
3.90%, 11/26/22  PHP   398,000    7,680,967 
6.25%, 01/14/36  PHP   725,000    15,852,462 
            23,533,429 

 

2 

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security     Par
(000)		   Value 
            
Poland — 4.3%             
Republic of Poland Government Bond             
0.25%, 10/25/26  PLN   8,130   $1,671,205 
0.75%, 04/25/25  PLN   7,025    1,565,168 
1.25%, 10/25/30  PLN   8,163    1,601,134 
2.25%, 10/25/24  PLN   8,322    1,965,935 
2.50%, 01/25/23  PLN   6,866    1,666,668 
2.50%, 04/25/24  PLN   7,267    1,738,738 
2.50%, 07/25/26  PLN   11,223    2,584,033 
2.50%, 07/25/27  PLN   5,720    1,295,734 
2.75%, 04/25/28  PLN   7,455    1,702,186 
2.75%, 10/25/29  PLN   10,806    2,422,959 
3.25%, 07/25/25  PLN   8,853    2,125,935 
4.00%, 10/25/23  PLN   5,596    1,380,642 
5.75%, 09/23/22  PLN   5,053    1,264,306 
            22,984,643 
Romania — 4.3%             
Romania Government Bond             
3.25%, 04/29/24  RON   6,335    1,397,626 
3.25%, 06/24/26  RON   5,555    1,175,957 
3.50%, 12/19/22  RON   5,335    1,205,672 
3.65%, 07/28/25  RON   5,715    1,248,676 
3.65%, 09/24/31  RON   6,270    1,227,832 
3.70%, 11/25/24  RON   5,715    1,264,932 
4.00%, 10/25/23  RON   6,445    1,453,156 
4.15%, 01/26/28  RON   5,735    1,242,049 
4.15%, 10/24/30  RON   5,730    1,186,030 
4.25%, 06/28/23  RON   5,660    1,282,964 
4.40%, 09/25/23  RON   6,600    1,498,540 
4.50%, 06/17/24  RON   5,675    1,284,895 
4.75%, 02/24/25  RON   5,420    1,228,033 
4.75%, 10/11/34  RON   2,620    545,488 
4.85%, 04/22/26  RON   6,040    1,363,528 
5.00%, 02/12/29  RON   6,560    1,466,760 
5.80%, 07/26/27  RON   6,480    1,519,494 
5.85%, 04/26/23  RON   5,780    1,336,796 
            22,928,428 
Russia — 4.3%             
Russian Federal Bond - OFZ             
4.50%, 07/16/25  RUB   114,937    1,273,986 
5.70%, 05/17/28  RUB   115,657    1,231,480 
6.00%, 10/06/27  RUB   98,797    1,086,906 
6.10%, 07/18/35  RUB   104,148    1,027,955 
6.50%, 02/28/24  RUB   79,588    972,267 
6.70%, 03/14/29  RUB   90,830    1,013,547 
6.90%, 05/23/29  RUB   82,175    927,005 
6.90%, 07/23/31  RUB   89,086    982,169 
7.00%, 01/25/23  RUB   31,480    397,397 
7.00%, 08/16/23  RUB   78,190    975,259 
7.05%, 01/19/28  RUB   85,325    984,507 
7.10%, 10/16/24  RUB   85,774    1,048,225 
7.15%, 11/12/25  RUB   99,818    1,196,286 
7.25%, 05/10/34  RUB   91,831    1,016,270 
7.40%, 12/07/22  RUB   85,352    1,084,908 
7.40%, 07/17/24  RUB   91,456    1,129,721 
7.65%, 04/10/30  RUB   92,124    1,077,378 
7.70%, 03/23/33  RUB   95,629    1,105,254 
7.70%, 03/16/39  RUB   73,804    835,876 
7.75%, 09/16/26  RUB   81,116    982,643 
7.95%, 10/07/26  RUB   80,104    977,638 
Security     Par
(000)		   Value 
              
Russia (continued)             
8.15%, 02/03/27  RUB   74,310   $912,212 
8.50%, 09/17/31  RUB   58,340    718,063 
            22,956,952 
Serbia — 4.4%             
Serbia Treasury Bonds             
4.50%, 01/11/26  RSD   833,440    8,312,425 
4.50%, 08/20/32  RSD   823,920    8,374,506 
5.88%, 02/08/28  RSD   611,750    6,624,374 
            23,311,305 
South Africa — 4.4%             
Republic of South Africa Government Bond             
6.25%, 03/31/36  ZAR   15,900    726,431 
6.50%, 02/28/41  ZAR   18,335    796,828 
7.00%, 02/28/31  ZAR   20,060    1,099,815 
7.75%, 02/28/23  ZAR   12,950    863,126 
8.00%, 01/31/30  ZAR   53,959    3,243,536 
8.25%, 03/31/32  ZAR   39,618    2,321,015 
8.50%, 01/31/37  ZAR   38,661    2,141,357 
8.75%, 01/31/44  ZAR   33,226    1,817,165 
8.75%, 02/28/48  ZAR   54,437    2,973,071 
8.88%, 02/28/35  ZAR   34,274    2,003,529 
9.00%, 01/31/40  ZAR   27,355    1,555,033 
10.50%, 12/21/26  ZAR   56,642    4,092,516 
            23,633,422 
Thailand — 4.4%             
Thailand Government Bond             
0.75%, 06/17/24  THB   47,831    1,434,867 
0.95%, 06/17/25  THB   43,071    1,291,707 
1.00%, 06/17/27  THB   22,563    661,622 
1.45%, 12/17/24  THB   48,040    1,465,317 
1.59%, 12/17/35  THB   27,727    739,313 
1.60%, 12/17/29  THB   33,086    968,942 
1.60%, 06/17/35  THB   20,877    563,239 
2.00%, 12/17/22  THB   27,311    831,032 
2.00%, 12/17/31  THB   29,092    862,045 
2.00%, 06/17/42  THB   20,662    535,083 
2.13%, 12/17/26  THB   49,802    1,547,725 
2.40%, 12/17/23  THB   38,890    1,205,785 
2.88%, 12/17/28  THB   33,657    1,081,800 
2.88%, 06/17/46  THB   33,526    968,406 
3.30%, 06/17/38  THB   46,737    1,500,399 
3.40%, 06/17/36  THB   38,294    1,246,020 
3.63%, 06/16/23  THB   32,884    1,027,478 
3.65%, 06/20/31  THB   35,311    1,199,726 
3.78%, 06/25/32  THB   43,213    1,481,553 
3.85%, 12/12/25  THB   39,622    1,311,358 
4.26%, 12/12/37(c)  THB   470    16,702 
4.88%, 06/22/29  THB   45,311    1,638,645 
            23,578,764 
Turkey — 4.4%             
Turkey Government Bond             
7.10%, 03/08/23  TRY   26,018    1,728,641 
8.00%, 03/12/25  TRY   26,045    1,360,887 
8.50%, 09/14/22  TRY   16,739    1,196,996 
9.00%, 07/24/24  TRY   28,746    1,647,708 
10.40%, 03/20/24  TRY   13,481    823,824 
10.50%, 08/11/27  TRY   28,065    1,308,411 
10.60%, 02/11/26  TRY   35,337    1,859,668 
10.70%, 08/17/22  TRY   0(d)   — 

 

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Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security     Par/
Shares
(000)		   Value 
            
Turkey (continued)             
11.00%, 02/24/27  TRY   24,253   $1,187,110 
11.70%, 11/13/30  TRY   54,653    2,430,002 
12.20%, 01/18/23  TRY   32,828    2,336,363 
12.40%, 03/08/28  TRY   16,247    819,043 
12.60%, 10/01/25  TRY   70,683    4,046,154 
16.20%, 06/14/23  TRY   40,629    2,909,860 
            23,654,667 
Uruguay — 4.4%             
Uruguay Government International Bond             
8.25%, 05/21/31  UYU   652,321    14,240,085 
8.50%, 03/15/28(c)  UYU   421,596    9,438,339 
            23,678,424 
              
Total Foreign Government Obligations — 97.3%             
(Cost: $576,112,139)           519,098,067 
              
Short-Term Investments             
              
Money Market Funds — 2.5%             
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(e)(f)      13,210    13,210,000 
              
Total Short-Term Investments — 2.5%
(Cost: $13,210,000)           13,210,000 
              
Total Investments in Securities — 99.8%
(Cost: $589,322,139)           532,308,067 
              
Other Assets, Less Liabilities — 0.2%   1,330,104 
              
Net Assets — 100.0%  $533,638,171 

 

 

 

(a)Zero-coupon bond.

(b)Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c)This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

(d)Rounds to less than 1,000.

(e)Affiliate of the Fund.

(f)Annualized 7-day yield as of period end.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
10/31/21		   Purchases
at Cost		   Proceeds
from Sales		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
01/31/22		   Shares
Held at
01/31/22
(000)		   Income   Capital Gain
Distributions from
Underlying Funds		 
BlackRock Cash Funds: Treasury, SL Agency Shares  $1,000,000   $12,210,000(a) $—   $—   $—   $13,210,000    13,210   $70   $— 
                                              

(a)Represents net amount purchased (sold).

 

Fair Value Measurements

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

●Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

●Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

●Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable

 

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Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022

 

Fair Value Measurements (continued)

 

inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

   Level 1   Level 2   Level 3   Total 
Investments                
Assets                
Foreign Government Obligations  $—   $519,098,067   $—   $519,098,067 
Money Market Funds   13,210,000    —    —    13,210,000 
   $13,210,000   $519,098,067   $—   $532,308,067 

 

Currency Abbreviations

 

BRL Brazilian Real PLN Polish Zloty
CLP Chilean Peso RON Romanian Leu
CNY Chinese Yuan RSD Serbian Dinar
COP Colombian Peso RUB Russian Ruble
CZK Czech Koruna THB Thai Baht
DOP Dominican Peso TRY Turkish Lira
HUF Hungarian Forint UYU Uruguayan Peso
IDR Indonesian Rupiah ZAR South African Rand
MXN Mexican Peso    
MYR Malaysian Ringgit    
PEN Peru Nuevo Sol    
PHP Philippine Peso    

 

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